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IGM Financial Inc.

04:03 PM EST - IGM Financial Inc. : reported fourth-quarter net income of $79.8 million or $0.30 per share, compared to $234.3 million or $0.88 per share in the same quarter last year. On an adjusted basis, net income was $140.1 million or $0.53 per share, compared to $219.0 million or $0.82 per share in the year-ago quarter. Total fee and net investment income for the quarter decreased to $584.0 million from $721.6 million in the comparable quarter last year. IGM Financial Inc. shares T.IGM are trading down $1.72 at $31.90.